The bank data ABCs of M&As: How to merge information between legacy systems

As 2017 nears its end, there’s no sign mergers and acquisitions will slow down. The underlying reasons are many: bankers now navigate a new regulatory environment with more confidence; bank stocks continue to rise; the economic outlook looks positive; and the Trump administration intends to reduce regulations and corporate taxes. All this suggests M&A activity will reach Read More

By |2020-05-27T17:58:43-05:00December 1st, 2017|Comments Off on The bank data ABCs of M&As: How to merge information between legacy systems

M&A equals A-OK: Surging stocks, favorable policies mean more bank mergers and acquisitions

In December, shareholders of Chicago-based PrivateBancorp postponed a vote on whether to accept a $3.8 billion acquisition offer from the Canadian Imperial Bank of Commerce. So what scrubbed the decision, given that the deal had been announced only five months prior? Market reaction following a populist wave that rumbled global politics played a key role—with the loudest Read More

By |2020-05-27T17:59:49-05:00February 8th, 2017|Comments Off on M&A equals A-OK: Surging stocks, favorable policies mean more bank mergers and acquisitions

Surviving three most common M&A challenges

From initial discussions to final closing, merging two financial institutions is no small feat. The due diligence phase, which is the most critical component of the entire process, can reveal operational flaws, non-public orders, improper financials and numerous other items that were not apparent in early discussions. Beyond due diligence, however, there are three primary challenges that Read More

By |2020-05-27T18:00:11-05:00April 25th, 2016|Comments Off on Surviving three most common M&A challenges

Rise of the super banks post-crisis

Bigger is better may not have been what the politicians and regulators envisioned post-financial crisis but that’s what we now have in the banking industry. In short, big banks in the United States have closed ranks and gotten much bigger over the past decade, while smaller banks have either merged their way into the middle tier ranks, Read More

By |2020-05-27T18:00:12-05:00April 8th, 2016|Comments Off on Rise of the super banks post-crisis

Preserving your legacy with archived data management

Typically, data conversion is costly. It’s no secret that migrating to a new system, whether because of a merger or acquisition, or because it’s simply time to replace a legacy archival system, can be a time-consuming and risk-heavy undertaking. Literally millions of images, reports, statements and signature cards–which must be retained in a financial institution for ongoing Read More

By |2020-05-27T18:00:17-05:00November 4th, 2015|Comments Off on Preserving your legacy with archived data management

Preserving the customer experience during mergers

No matter the business or industry, there’s plenty to worry about when orchestrating a merger or acquisition. Inevitably, in the middle of consolidating and integrating organizations’ financials, personnel and other tangible assets, factors such as culture and the customer experience often slip down on the list of transaction to-dos. That can be a real problem for financial Read More

By |2020-05-27T18:00:36-05:00March 16th, 2015|Comments Off on Preserving the customer experience during mergers

Improving the Odds of Merger Success

In a typical bank merger, the profitability plan calls for cost savings with limited revenue losses. The general idea is to run a fast and efficient process to close the merger deal and convert your new customers and staff to your systems so you start earning those savings as soon as possible. Is that really the best Read More

By |2020-05-27T18:00:42-05:00July 14th, 2014|Comments Off on Improving the Odds of Merger Success

Making Acquisitions Work (for the Buyer)

More activity has begun to occur in the mergers and acquisition (M&A) space than we have seen for a long while. Whether involving whole bank deals or adding specific capabilities, such as equipment finance, more banks are looking to grow through acquisition. However, in many cases, banks are pursuing deals for the wrong reasons, supported by the Read More

By |2020-05-27T18:01:00-05:00December 3rd, 2013|Comments Off on Making Acquisitions Work (for the Buyer)

Price and Product Integration in Mergers

2012 saw the most bank mergers since 2007 as beleaguered institutions look for a way out. Rising competitive pressure has tempered organic growth while tougher regulations have continued to dampen banks’ long-term earning power. These trends, in combination with a soft economy, suggest that the appetite for merger activities in 2013 will be just as strong. But Read More

By |2020-05-27T18:01:08-05:00February 12th, 2013|Comments Off on Price and Product Integration in Mergers